Govt caps Vodafone Idea payout at Rs 124 cr

Offering a lifeline to struggling debt-laden telecom operator, the Government has capped annual payouts to clear past dues at Rs 124 crore over the next six years, easing near-term cash flows, the company said on Friday.

Between March 2032 and March 2035, the yearly outgo will be trimmed to Rs 100 crore, Vodafone Idea said in a stock exchange filing citing a communication received from the Department of Telecommunications (DoT). It went on to State that the remaining of the adjusted gross revenue (AGR) dues shall have to be paid in equal installments annually over six years starting March 2036.